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How to Structure an Effective Emergency Fund

How to Structure an Effective Emergency Fund

FromThe Stacking Benjamins Show


How to Structure an Effective Emergency Fund

FromThe Stacking Benjamins Show

ratings:
Length:
51 minutes
Released:
Jun 19, 2024
Format:
Podcast episode

Description

It was only a few short years ago that where you kept your emergency fund truly didn't matter. Some accounts earn maybe half a percent more than the run-of-the-mill savings account. Now, all that has changed. Today, we're discussing emergency funds because deciding where you keep your money is truly a discussion worth your time. How much should you keep? How much is too little? How much is too much? Where do many people run into trouble with their emergency funds? What's the difference between a money market account, high-yield savings account, and other common accounts people use to hold reserves?
Of course, that's not all. We'll feature a TikTok minute about the male equivalent of a big topic on social media, "girl math." What is "guy math"? We'll explore that and also debut a new segment on the show! If you've ever heard some of the "advice" online, you'll know that often someone could use a "second opinion," but this time from OG himself.
Even THAT isn't all! We also feature Doug's trivia question and much much more.
FULL SHOW NOTES: https://stackingbenjamins.com/money-market-funds-savings-accounts-1533
Deeper dives with curated links, topics, and discussions are in our newsletter, The 201, available at https://www.stackingbenjamins.com/201
Enjoy!
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Released:
Jun 19, 2024
Format:
Podcast episode

Titles in the series (100)

Live, from Joe's mom's half-finished basement....listen to a parade of financial headlines, personal finance experts, creatives, and people with stories that inspire us. Every Monday, Wednesday, and Friday, hosts Joe Saul-Sehy & OG meet at the card table and bring you guests, trivia, your letters about saving, investing, and risk management, and much more. Academy of Podcast winner for "best business podcast of the year," 2017 Plutus award winner for "best personal finance podcast," and Kiplinger magazine's only recommended personal finance podcast.